Taking the First Steps in Forex Trading - Serbina Monitor in English
Taking the First Steps in Forex Trading - Serbina Monitor in English |
- Taking the First Steps in Forex Trading - Serbina Monitor in English
- Understanding how to work with Forex trading - NewsDay
- Can You Make A Living Through Forex Trading ? - FXDailyReport.com
- The Complete Wall Street & Forex Trading Master Class Bundle now only $35 - Neowin
- Forex Trader Touts 'Recession-Proof' Haven in Market Roiled by COVID-19 - Woodlands Online
| Taking the First Steps in Forex Trading - Serbina Monitor in English Posted: 30 Apr 2020 04:32 AM PDT Today, more and more people are choosing to work from home, either through choice or by necessity. This means that there is more attention than ever being placed on what to actually do as a home-based occupation. One field that has become increasingly popular in recent times is currency trading, also sometimes known as forex (foreign exchange) trading. This involves taking pairs of currencies, for example, the US dollar and the Euro, or the Serbian Dinar and Pound Sterling, and using one to buy the other. Hopefully, it increases in value and you can sell at a profit. Even if there's a fall in value, through something called "binary trading", there's still potential for success. There's no denying that forex trading can seem complex at the outset, but with the right help and support it's something that can become simpler and more easily understood and practiced. And, although a recent survey found that 84% of Serbian adolescents feel that there's more to happiness than money, that the world does, indeed, revolve around it. So, if you feel like forex trading could be the next avenue for you, there are some things to read up on beforehand. Learn as much as you canObviously, when you start on any new enterprise, the very first step will be to voraciously consume all the information that you can find about it. In the case of forex trading, you'll find no end of advice online with articles, blogs, and even live tutorials. It's also important to learn as much as you can about the economies of the countries whose currencies you think you might be interested in trading, as well as their political situations. Some people even choose to enrol in online trading academies, which not only will give practical advice and tuition, many also continue to provide support once you've started to trade. Choose a good brokerAll trading is generally done through brokers and it's essential to choose the right one for your needs. Start searching on Google and you'll find any number offering their services. In fact, you'll be spoilt for choice. Far better will be to visit a reputable site that reviews forex brokers online. This will mean that all the brokers listed will have been subjected to thorough scrutiny across a number of criteria. It will also give you a chance to compare the different joining bonuses that they offer as well as the different trading platforms that they operate on. Use a demo account firstAlmost all brokers offer a demo account which gives you the chance to get used to the ins and outs of trading before you start to do it for real. Generally, these are available for around 30 days until they're converted into real trading accounts. Hopefully, by then, you'll be ready to go. So, there you have it – a quick guide to setting yourself up as a forex trader. Now it's time to give it a try.  |
| Understanding how to work with Forex trading - NewsDay Posted: 14 Apr 2020 10:09 PM PDT  Foreign exchange is the process of trading different currencies. Over time, it has emerged globally since it is volatile to anyone. However, for one to become a good and profitable trader beginner's guide to Forex trading for free has been provided by major online trading broker ForexTime. Brokers have enabled trading to become much easier and online trading companies enable trade all across the globe including leading exchanges in Africa such as Nigeria Stock Exchange and Johannesburg Stock Exchange in South Africa. Guidelines to Follow When Forex TradingForex trading can be profitable but it can also cause losses to traders if approached wrongly. Below are some guidelines that traders can follow when venturing into Forex trading. 1. Know the dynamics of the marketForex trading has many features on the platform, one should take time to understand the market, know when to place orders, exit the market, execute orders leading one to make the best out of their investment. 2. Have a capitalIf done the right way one can make large profits from trading daily.If managed well Forex trade could be the source of finances. This is only achieved with a diligent eye on risk management, to minimize the losses that might occur during the trading process since the trade is volatile. 3. PlanCreating a trading plan is an important component of successful trading. This plan should involve one's profit goals, risk tolerance level, methodology and evaluation criteria. Once that is set the trader should ensure that each trade falls within the plan parameters. 4. PracticeThe trading plan should be put to test in real market conditions with a risk-free practice which can be offered by Alpari. Here one will get a chance to see what it's like to trade currency pairs while taking their trading plan for a test without risking any of the capital. 5. Choosing the right trading partnerIt is important to choose the right partner as one engages in the exchanges. Pricing, execution, and quality of the customer service can make a great difference in the trading experience. 6. Knowing one's limitsForex trading requires high-risk tolerance. When one's finances are on the line, it is important to check on one's limits. It includes knowing exactly how much one can spend and to risk on each trade, this can be achieved by setting leverage ratio in accordance with the needs and never risking more than he/she can afford to lose. 7. ExploreConsistency is crucial but one should also consider re-evaluating the trading plan if things change or are not as much profit. As one's experience grows the plan should also adjust especially when it comes to goals since the trader should be ready for growth. Looking for diversification opportunities thus increasing the chances of making profits. 8. When to stopMaking money can be exciting and one could do better by managing the risk and protecting potential profits depending on the stocks. This was achieved through halting on the limit orders, getting one out of the market price one set. Trailing stops are very helpful: this is done at a specific distance as the market moves to help in the protection of profits should the market reverse. Placing contingent orders does not guarantee a limit to risk losses. 9. Emotional stabilityOne should keep account of the fact that they have an open position and the markets don't go their way. Instead, this could be accounted for with another trade or more that doesn't fit with one's trading plan. Well with Forex trading its different 'revenge trading' rarely goes well. One should stick to the plan and goals and instead focus on making more time to increase the finances. When traders follow these tips, they will have a chance to trade on foreign exchange more successfully. Proper management, financial discipline, and constant research being the heart of good Forex trading and success in Forex markets. Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw  |
| Can You Make A Living Through Forex Trading ? - FXDailyReport.com Posted: 07 Apr 2020 12:00 AM PDT  A lot of money-making schemes exist online. There are online investments, online businesses, freelancing gigs, tutorials, and many more where you can venture in to earn money. Although there are plenty of ways, there are still people who are skeptical to try them out. They fear that they will get scammed or waste their time without earning the figures they want. What these people don't know is that earning money online takes a couple of time and sacrifice. It doesn't happen overnight if you are just starting out. But, if you really want to earn big while you are at home, forex trading is something you should consider. What is Forex Trading ? If this is your first time hearing this term, let's introduce you to forex trading. Basically, this is an activity that allows you to exchange one currency into another. There is a conversion process that happens when you trade. If you are aware of how stock trading works, this is a similar activity. The only difference is that you are not selling or buying company stocks. Instead, you are trading a currency pair wherein you sell one currency to buy another. Once you start trading foreign currencies, you will notice that each currency is represented by a three-letter code (ie: USD, JPY, EUR, GBP). They come in pairs in order for you to know what you are selling and what you are buying. For example, if you select USD/JPY, you are buying USD and selling JPY. Most of the transactions in forex trading are performed by banks and individual investors. Unlike stock trading, forex trading is not run by a centralized market. It uses the over-the-counter (OTC) market that is composed of global banks and organizations. Can You Make A Living Through Forex ?
 Now that you know about the basics of forex trading, the next question is, can you make a living through it? Many are skeptical about this. They believe that the forex is too volatile and risky. While these are true, you can actually earn money and make a living from it if you know how to control your strategies. There's a reason behind the introduction of forex trading and it depends on you how you want to carry out its purpose. If you are someone who gets excited to trade, forex trading might be the best money-making scheme for you. Tips On How To Make A Living Through Forex Trading1) Start with a small investment. Before you can make a living through forex trading, you need to have an account first. There are a couple of good forex platforms on the internet that can serve as your online forex broker. Choose a good and reliable one to set up your account. Next, you will need to fund your account to start buying and selling. We recommend that you start small if this is your first time trying forex trading. Start with a small investment and gradually increase it over time. Avoid being greedy to control your losses. Also Read: How to Start Forex Trading with $100 2) Invest in your knowledge. Knowledge is king and this needs emphasis especially when you are trading forex. You need to be knowledgeable about what you are doing. Before you start trading, you need to have enough information and knowledge you can rely on whenever you need to do something that will affect your investments. Your knowledge will support your buying and selling decisions. If you know enough, you can formulate your own strategies and plans so you can better control your profits and losses. What will happen if you don't invest in knowledge is worst. You can lose all your investments overnight if you are not well-prepared. 3) Tune in for updates as much as you can. Let's say you started already and your knowledge is enough. The next and constant thing you need to do is to read news and tune in for updates. Apart from your knowledge, you need updated news of what's happening around the world. Remember that you are trading currencies here. The updates you need to know will depend on the pair of currency you wish to buy and sell. For example, if you buying USD and selling JPY, you have to know the factors that will affect the current conversion rate of these two currencies. This means that you have to know more about the events in the US and Japan.  |
| The Complete Wall Street & Forex Trading Master Class Bundle now only $35 - Neowin Posted: 15 Apr 2020 12:00 AM PDT
Today's highlighted deal comes via our Online Courses section of the Neowin Deals store, where for only a limited time, you can save 98% off this Complete Wall Street & Forex Trading Master Class Bundle. Learn and master the best practices on Forex Trading, Stock Trading, and Cryptocurrency with 12 courses of training. What's the deal?This deal consists of the following courses:
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For a full description, specs, and instructor info, click here. What's the benefit?This Complete Wall Street & Forex Trading Master Class Bundle normally costs* $2,400, but you can pick it up for just $35 for a limited time that's a saving of $2,365 (98%) off! >> Get this deal, or learn more about it here << Not for you?If this offer doesn't interest you, why not check out the following offers: Disable Sponsored posts · Other recent deals · Preferred partner software Disclosure: This is a StackCommerce deal or giveaway in partnership with Neowin; an account at StackCommerce is required to participate in any deals or giveaways. For a full description of StackCommerce's privacy guidelines, go here. Neowin benefits from shared revenue of each sale made through our branded deals site, and it all goes toward the running costs.  |
| Forex Trader Touts 'Recession-Proof' Haven in Market Roiled by COVID-19 - Woodlands Online Posted: 03 Apr 2020 12:00 AM PDT  AUSTIN, TX - Texas Securities Commissioner Travis J. Iles took emergency action on April 3 to stop the offering of a purported foreign currency trader promising a "safe haven" investment in a time when world markets are roiled by the COVID-19 pandemic. According to the Emergency Cease and Desist Order, Florida resident James F. "Stormy" Walsh is soliciting Texas residents for a foreign currency trading program that he claims will return up to 11% a month, "basically risk-free." In online solicitations, Walsh described the investment as a "safe haven" in the context of "all the turmoil the last few weeks about the virus and its massive effects on the world's financial markets." Walsh is publishing advertisements in online forums for financial services directed to Houston-area residents. Walsh, according to the order, said the trading program could provide a source of supplemental income at a time when investors "cannot go out of [their] house[s] and take care of [their] famil[ies]." The order is the first action taken by a state securities regulator against a promoter using COVID-19 as a tactic to lure investors, and it comes a little more than a week after the Texas State Securities Board issued the Investor Alert, Protecting Your Financial Health in the Pandemic Era, warning of a proliferation of schemes tied to the pandemic. The Investor Alert warned that scammers will be targeting retail investors with tactics and products that track the recent economic and social trends, promising lucrative returns to people concerned about their portfolios and retirement plans. According to the order, Walsh claims that the investments in his trading program are "basically risk free." He is telling potential investors that he is paying 60% of the profits from trading international currencies to investors and keeping 40% of profits for himself. Walsh is violating the Texas Securities Act because neither the investments nor Walsh are registered in Texas, according to the order. Walsh initially agreed to stop offering investments in the trading program until he became compliant with the Securities Act. But he continued to illegally and fraudulently offer the securities, according to the order, threatening immediate financial harm to Texas residents. According to the order, Walsh recently told potential investors he was earning greater profits because of the volatility the threat of COVID-19 has engendered in the markets. Walsh claimed that in a recent 10-day period he earned $46,000 in profit on an account worth $100,000, according to the order. Walsh is not, however, telling investors of the numerous risks in trading the currencies of other countries. These include fluctuations in a country's interest rates, the impact of stock, bond, and commodity markets on currency exchange rates, and the possibility that technical problems can stall trades. Walsh has 31 days to file a notice to challenge the order before the State Office of Administrative Hearings.  |
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